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SOUTH KOREA: First 20 days Exports Ramp Up Whilst Imports Down. 

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • South Korea’s first 20 days of exports YoY for November rose +5.8%
  • First 20 days of imports declined YoY -1.0%.
  • This delivered a trade surplus of US$798m for the first 20 days of the month.
  • The strength of the exports is in contrast to the decline of -2.9% for the early October release.
  • The Bank of Korea cut rates at their last meeting on October 11, with the next meeting on November 28.
  • Key economic data has been softening for Korea in recent months, underpinning the cut in rates.
  • Today’s data will be encouraging news for authorities worried about the potential impact of tariffs for their export orientated economy in 2025. 
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  • South Korea’s first 20 days of exports YoY for November rose +5.8%
  • First 20 days of imports declined YoY -1.0%.
  • This delivered a trade surplus of US$798m for the first 20 days of the month.
  • The strength of the exports is in contrast to the decline of -2.9% for the early October release.
  • The Bank of Korea cut rates at their last meeting on October 11, with the next meeting on November 28.
  • Key economic data has been softening for Korea in recent months, underpinning the cut in rates.
  • Today’s data will be encouraging news for authorities worried about the potential impact of tariffs for their export orientated economy in 2025.